Egypt’s Sadek El-Sewedy sees $18.6 million gain on Elsewedy Electric stock

Egyptian billionaire Sadek El-Sewedy, the non-executive chairman of Elsewedy Electric, has seen the value of his stake in the company rise by $18 million in just four days. The increase comes as the firm’s shares gradually climbed on the Egyptian Exchange (EGX).

Sadek El-Sewedy gains $18.6 million

Sadek El-Sewedy owns 546.5 million shares, representing a 25.53 percent stake in the Cairo-based energy and infrastructure company. The market value of his holdings jumped by EGP896.26 million ($18.66 million), rising from EGP39.73 billion ($826.94 million) on Sept. 25 to EGP40.62 billion ($845.6 million).

The gain partially offsets losses he experienced in August, when the value of his Elsewedy Electric holdings dropped from EGP43.88 billion ($905.28 million) on Aug. 17 to EGP41.04 billion ($846.66 million) on Aug. 25, a decline of more than $58 million.

Shares rise, market cap tops $3.3 billion

Elsewedy Electric, founded by the El-Sewedy family in 1938 as a small electrical store, has grown into a multinational producer of cables, transformers, meters, and large-scale infrastructure solutions. The company remains involved in power projects across Africa and the Middle East, supported by decades of steady development.

In the past four days, Elsewedy Electric shares have risen 2.26 percent, climbing from EGP72.69 ($1.51) on Sept. 25 to EGP74.33 ($1.54). The gain has pushed the company’s market capitalization above $3.3 billion, benefiting investors and reaffirming its role as a leading player in the region’s electrical industry.

Elsewedy Electric shares are down this year

Despite the recent rebound Elsewedy Electric shares are still down 3.47 percent for the year. A $100,000 investment at the start of 2025 would now be worth $96,530 reflecting the broader pressures on Egypt’s energy and infrastructure sectors.

El-Sewedy’s latest gains underscore how fluctuations on the EGX continue to shape the fortunes of some of the country’s richest investors while highlighting the challenges companies face in a complex economic environment.